Icom Incorporated (6820) AI Stock Analysis

• Market Cap: ¥52.89B
• Dividend Yield: 2%
• Average Volume (3M): 26.23K
• Price to Earnings (P/E): 17.3
• Beta (1Y): 0.64
• Revenue Growth: 4.53%
• EPS Growth: 36.26%
• Country: JP
• Employees: 1,063
• Sector: General
• Sector Strength: N/A
• Industry: Communication Equipment
• EPS (TTM): 185.69
• Shares Outstanding: 14,850,000
• 10 Day Avg. Volume: 20,450
• 30 Day Avg. Volume: 26,230
• PEG Ratio: -1.64
• Price to Book (P/B): 0.58
• Price to Sales (P/S): 1.15
• P/FCF Ratio: 23.45
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 75 Outperform
• Price Target: ¥4,213.00 ▲(41.76% Upside)
• Action: Upgraded
• Date: 08/17/26

Positive Factors

Debt-free, conservative balance sheet

Zero debt materially lowers financial risk and preserves flexibility to fund R&D, capital expenditure, or absorb demand shocks without refinancing. Over a 2–6 month horizon this resilience supports continuous operations, allows strategic investments, and cushions cyclical revenue swings.

Negative Factors

Uneven cash conversion and volatile free cash flow

Volatile conversion from reported earnings to cash creates uncertainty about available funds for growth, dividends, or buybacks. Over months this can constrain strategic spending, elevate working capital risk, and complicate forecasting of sustainable cash returns to shareholders.

Icom Incorporated Business Overview & Revenue Model

Company Description

Icom Incorporated, established in Osaka, Japan, in 1954, develops and sells a wide array of telecommunications equipment for both individual consumers and businesses. The company's primary markets span Japan, the United States, Canada, Germany, Sp...

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Icom Incorporated, established in Osaka, Japan, in 1954, develops and sells a wide array of telecommunications equipment for both individual consumers and businesses. The company's primary markets span Japan, the United States, Canada, Germany, Sp...

How the Company Makes Money

Icom makes money primarily by selling wireless communication hardware and related products through domestic and international distribution channels. Its core revenue stream is product sales of radio communication equipment across multiple end mark...

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Icom makes money primarily by selling wireless communication hardware and related products through domestic and international distribution channels. Its core revenue stream is product sales of radio communication equipment across multiple end mark...

Icom Incorporated Financial Statement Overview

Breakdown	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	36.96B	37.47B	37.12B	34.17B	28.28B
Gross Profit	15.96B	16.39B	15.78B	14.09B	11.21B
EBITDA	3.87B	4.82B	4.58B	3.71B	2.07B
Net Income	2.67B	2.95B	3.46B	2.57B	1.09B
Balance Sheet
Total Assets	81.97B	73.89B	73.16B	67.16B	63.37B
Cash, Cash Equivalents and Short-Term Investments	27.68B	27.10B	28.44B	29.40B	27.08B
Total Debt	0.00	0.00	0.00	0.00	0.00
Total Liabilities	8.88B	6.53B	7.41B	6.71B	5.63B
Stockholders Equity	73.09B	67.36B	65.75B	60.45B	57.74B
Cash Flow
Free Cash Flow	1.81B	945.00M	615.00M	2.94B	1.59B
Operating Cash Flow	3.11B	2.90B	2.48B	3.63B	2.22B
Investing Cash Flow	-3.98B	-3.05B	-3.95B	2.27B	-3.57B
Financing Cash Flow	-1.19B	-1.39B	-1.12B	-718.00M	-717.00M

Icom Incorporated Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2972.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6820, the sentiment is Positive. The current price of 2972 is below the 20-day moving average (MA) of 3439.00, below the 50-day MA of 3285.80, and below the 200-day MA of 3056.04, indicating a bullish trend. The MACD of 108.55 indicates Negative momentum. The RSI at 74.20 is Negative, neither overbought nor oversold. The STOCH value of 95.56 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6820.

Icom Incorporated Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6820	75 Outperform	¥52.89B	17.34	―	2.93%	4.53%	36.26%
6718	74 Outperform	¥45.41B	15.36	―	4.63%	0.84%	22.33%
6835	72 Outperform	¥26.94B	8.32	16.88%	3.23%	>-0.01%	-7.51%
6675	69 Neutral	¥39.90B	2.34	―	2.26%	-2.98%	322.40%
6778	65 Neutral	¥5.95B	26.34	―	3.54%	-11.02%	8.86%
6703	59 Neutral	¥240.75B	9.61	13.90%	2.18%	-3.84%	183.41%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

Icom Incorporated Corporate Events